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To all of our members who’ve requested (and even those that didn’t!): We’re delighted to announce that beginning at present, for the primary time anyplace, you now have the choice to redeem SoFi Credit score Card reward factors instantly into cryptocurrency by way of SoFi Make investments!1 That is the one bank card product presently to supply an possibility for direct reward level redemption for cryptocurrency (we checked!), and we’re thrilled to carry it to you first.
Which means along with cryptocurrency with no fee or transaction charges, you too can nonetheless redeem your reward factors into SoFi Cash®, SoFi Energetic Make investments, or paying down SoFi Scholar Mortgage Refinances or Private Loans, whereas receiving limitless 2% cashback* on eligible purchases. And as all the time, the SoFi Credit score Card itself carries no annual price.†
Presently, SoFi Credit score Card reward factors might be redeemed for both Bitcoin or Ethereum.
Whereas we all the time goal to supply a various array of funding merchandise for various monetary targets and threat tolerances, cryptocurrency (in addition to different riskier belongings) ought to characterize solely a slice of a diversified portfolio. Please go to sofi.com/credit-card to be taught extra about cryptocurrency rewards or to use for the SoFi Credit score Card.
Vital: Bitcoin and different cryptocurrencies aren’t endorsed or assured by any authorities, are unstable and contain a excessive diploma of threat.
SoFi Crypto is obtainable by means of SoFi Digital Property LLC. Client safety and securities legal guidelines don’t regulate cryptocurrencies to the identical diploma as conventional brokerage and funding merchandise. Analysis and data are important conditions earlier than participating with any cryptocurrency. US regulators, together with FINRA, the SEC, and the CFPB, have issued public advisories regarding digital asset threat. Cryptocurrency purchases shouldn’t be made with funds drawn from monetary merchandise together with pupil loans, private loans, mortgage refinancing, retirement funds or conventional investments.
†See Pricing, Phrases & Situations (sofi.com/card/phrases)
1Not out there to residents of West Virginia or Hawaii. You want a SoFi Make investments® account and a SoFi crypto account to redeem rewards factors into cryptocurrency. A minimal steadiness of 500 rewards factors (price $5) is required earlier than you may redeem for cryptocurrency. SoFi will assess a price for every crypto transaction outdoors of rewards redemption. For extra info, go to SoFi.com/crypto.
Make investments Entity Disclosure (Mixed – Embody “Not, Not, Could” Field above)
SoFi Make investments refers back to the three funding and buying and selling platforms operated by Social Finance, Inc. and its associates (described beneath). Particular person buyer accounts could also be topic to the phrases relevant to a number of of the platforms beneath.
1) Automated Investing and advisory companies are offered by SoFi Wealth LLC, an SEC-Registered Funding Adviser (“Sofi Wealth“). Brokerage companies are offered to SoFi Wealth LLC by SoFi Securities LLC.
2) Energetic Investing and brokerage companies are offered by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (“Sofi Securities). Clearing and custody of all securities are offered by APEX Clearing Company.
3) Cryptocurrency is obtainable by SoFi Digital Property, LLC, a FinCEN registered Cash Service Enterprise.
For added disclosures associated to the SoFi Make investments platforms described above, together with state licensure of Sofi Digital Property, LLC, please go to www.sofi.com/authorized.
Neither the Funding Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any services or products offered by means of any SoFi Make investments platform. Data associated to lending merchandise contained herein shouldn’t be construed as a suggestion or pre-qualification for any mortgage product provided by SoFi Lending Corp and/or its associates.
The SoFi Credit score Card is issued by The Financial institution of Missouri pursuant to license by Mastercard® Worldwide Included and can be utilized in all places Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard Worldwide Included.
*Members earn 2 reward factors for each greenback spent on eligible purchases. For those who elect to redeem factors as money deposited into your SoFi Cash account, as fractional shares into your SoFi Make investments account, cryptocurrency into your SoFi Make investments crypto account, or as a fee towards your SoFi Private Mortgage or Scholar Mortgage Refinance, then your factors will redeem at a price of 1 cent per level. For those who elect to redeem factors as a press release credit score into your SoFi Credit score Card account, then your factors will redeem at a price of 0.5 cents per level. For extra particulars, please see SoFi.com/card/rewards.
SoFi Credit score Corp. CFL# 6054612. Advisory companies are provided by means of SoFi Wealth, LLC an SEC-registered Funding adviser. Brokerage merchandise and SoFi Cash® are provided by means of SoFi Securities LLC, member FINRA/SIPC. Neither SoFi nor its associates is a financial institution. ©2021 Social Finance, Inc. CC20-269414
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